NECO SSCE - Commerce - 2000

Fishing is an example of

Maelezo ya Majibu

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

Maelezo ya Majibu

Banks issue cheque books to customers holding ......... accounts.

Maelezo ya Majibu

A multiple shop has many stores which sell

Maelezo ya Majibu

The advertising medium which uses electric current in bulbs is referred to as

Maelezo ya Majibu

Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must

Maelezo ya Majibu

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

Maelezo ya Majibu

A holding company is one which holds shares in another company up to

Maelezo ya Majibu

Which of the following is NOT regarded as a welfare service in an organization?

Maelezo ya Majibu

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

Maelezo ya Majibu

Which of the following means of transport is most flexible?

Maelezo ya Majibu

All the following are principles of insurance EXCEPT

Maelezo ya Majibu

The sum which the insured pays periodically to his insurance company is called

Maelezo ya Majibu

When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called

Maelezo ya Majibu

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

Maelezo ya Majibu

Which of the following is NOT part of Pre-Sales Service/ice?

Maelezo ya Majibu

What is the cost of goods sold?

Maelezo ya Majibu

Bankers settle their mutual indebtedness in a

Maelezo ya Majibu

Which of the following is NOT an aim of advertising?

Maelezo ya Majibu

The rights of the consumers does NOT include

Maelezo ya Majibu

The body charged with the responsibility monitoring the quality of goods supplied is the

Maelezo ya Majibu

A bill of exchange sold for less than its face value before maturity is said to be

Maelezo ya Majibu

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

Maelezo ya Majibu

An agreement that is enforceable in law is called

Maelezo ya Majibu

The relationship between a country’s visible imports and exports in a trading year is known as

Maelezo ya Majibu

The main objective of nationalization of industries is to

Maelezo ya Majibu

Which of the following warehouse is generally found near a port?

Maelezo ya Majibu

A public limited liability company is owned by

Maelezo ya Majibu

Which of the following can be used to establish an importer's title to goods?

Maelezo ya Majibu

Which area of law is NOT related to business?

Maelezo ya Majibu

Shares are said to be sold at a discount when they are sold

Maelezo ya Majibu

Which is NOT a legislation aimed at protecting the consumer?

Maelezo ya Majibu

An allowance made to a customer for prompt payment is known as

Maelezo ya Majibu

The relationship between a country’s visible imports and exports in a trading year is known as

Maelezo ya Majibu

The first Nigerian enterprises promotion decree was promulgated in

Maelezo ya Majibu

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

Maelezo ya Majibu

A person who runs a business on his own account is called a

Maelezo ya Majibu

The breaking down of work into different processes is known as

Maelezo ya Majibu

Crude oil is best transported within the country through

Maelezo ya Majibu

A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a

Maelezo ya Majibu

Ships that pick up cargo from any port and travels anytime are called

Maelezo ya Majibu

Which of the following does a seller send in reply to a letter of inquiry?

Maelezo ya Majibu

Which of the following is NOT part of the marketing mix?

Maelezo ya Majibu

Prospectus in relation to a public limited inability company means

Maelezo ya Majibu

One of the following does NOT fit into the group.

Maelezo ya Majibu

Which of the following CANNOT be sold through a vending machine?

Maelezo ya Majibu

Which of the is used in calculating working capital?

Maelezo ya Majibu

A tax paid on goods manufactured and consumed in your country is called

Maelezo ya Majibu